The University of Southampton
University of Southampton Institutional Repository

Systemic risk assessment: a case study

Ackerman, F., Eden, C., Williams, T. and Howick, S. (2007) Systemic risk assessment: a case study Journal of the Operational Research Society, 58, (1), pp. 39-51. (doi:10.1057/palgrave.jors.2602105).

Record type: Article


Project Risk Registers have been used extensively for many years. However, they do not account for the interaction between risks, for example, the occurrence of one risk exacerbating other risks or portfolios of risks being more significant than the sum of the individual risks. This leads to the need to consider 'risk systemicity' as a part of risk analysis. This paper reports on a specific case for a large multinational project based organization, one that the authors had been involved with in the analysis of a number of projects that had massive cost overruns. Following these analyses the organization was persuaded of the importance of risk systemicity. The organization therefore engaged the authors to develop a 'Risk Filter'. This filter is a tool for identifying areas of risk exposure on future projects and creating a framework for their investigation. The 'Risk Filter' is now used on all projects ever since its introduction; by the end of May 2003 it had been used by nine divisions, on over 60 major projects, and completed by 450 respondents. It is also used at several stages during the life of a project to aid in the risk assessment and management of each project, and contributes to a project database

Full text not available from this repository.

More information

Published date: 2007
Keywords: causal mapping, project risk registers, risk filter, risk systemicity


Local EPrints ID: 37135
ISSN: 0160-5682
PURE UUID: 5f269c5b-f883-4c8b-b7c1-a2c17c7a4b13

Catalogue record

Date deposited: 12 Jul 2006
Last modified: 17 Jul 2017 15:42

Export record



Author: F. Ackerman
Author: C. Eden
Author: T. Williams
Author: S. Howick

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton:

ePrints Soton supports OAI 2.0 with a base URL of

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.